Qualcomm Deal Signals Snap Isn't Moving Away From Specs -- Market Talk

Dow Jones04-10 23:07

The announcement of a multiyear partnership between Qualcomm Technologies and Snap's Specs subsidiary signals that Snap CEO Evan Spiegel is not looking for an exit ramp from the augmented-reality glasses business just yet. Shuttering or divesting from Specs was a central request of activist investor Irenic Capital Management, who late last month disclosed a roughly 2.5% stake in the company and triggered a jump in its share price. But Spiegel touts the partnership as providing a "strong foundation for the future of Specs," adding that "we believe the future of computing will be more human and grounded in the real world." Snap falls 2% to $4.85. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

April 10, 2026 11:07 ET (15:07 GMT)

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But Spiegel touts the partnership as providing a \"strong foundation for the future of Specs,\" adding that \"we believe the future of computing will be more human and grounded in the real world.\" Snap falls 2% to $4.85. 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Shuttering or divesting from Specs was a central request of activist investor Irenic Capital Management, who late last month disclosed a roughly 2.5% stake in the company and triggered a jump in its share price. But Spiegel touts the partnership as providing a \"strong foundation for the future of Specs,\" adding that \"we believe the future of computing will be more human and grounded in the real world.\" Snap falls 2% to $4.85. (elias.schisgall@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 10, 2026 11:07 ET (15:07 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1244550577.SGD","symbol_name":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2626119830","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2626119830","pubTimestamp":1775833620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The announcement of a multiyear partnership between Qualcomm Technologies and Snap's Specs subsidiary signals that Snap CEO Evan Spiegel is not looking for an exit ramp from the augmented-reality glasses business just yet. 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Shuttering or divesting from Specs was a central request of activist investor Irenic Capital Management, who late last month disclosed a roughly 2.5% stake in the company and triggered a jump in its share price. But Spiegel touts the partnership as providing a \"strong foundation for the future of Specs,\" adding that \"we believe the future of computing will be more human and grounded in the real world.\" Snap falls 2% to $4.85. 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